Google's Quantum AI Team Suggests Fewer Qubits Needed to Break Bitcoin Cryptography

Google's Quantum AI team has indicated that breaking the cryptography used by Bitcoin and Ethereum might require fewer than 500,000 physical qubits, challenging the commonly cited figure of millions. According to NS3.AI, this revelation could have significant implications for the security of blockchain technologies. In a separate development, Australia has enacted a digital asset law mandating that cryptocurrency exchanges and custody providers secure financial services licenses. This legislative move aims to enhance regulatory oversight and consumer protection in the rapidly evolving digital asset sector.